Zerodha Email- Launch of MCX-SX – Feb 7, 2013
Hello Traders,
MCX-SX is India’s new stock exchange promoted by the Financial Technologies Group and is launching on February 9, 2013. Equity shares of around 1116 companies will initially be permitted for trading on the Capital Markets segment. We are still waiting for information on the various derivative products and will keep you all updated on Z-Connect.
I am very happy to share this news with you that we have received the SEBI Certificate approving us as a Trading Member on MCX-SX this week. Just in time to start opening MCX-SX trading accounts from Monday – February 11, 2013 onwards. MCX-SX will go live on our trading platform Zerodha Trader during the course of next week.
We have come a long way from when we initially could offer you trading only on NOW, to today being able to offer all exchanges on one trading platform with better technology and without increasing your costs. Click here to learn more about all the features on Zerodha Trader, do read about our SPAN Calculator, placing SL/SL-M orders and much, much more!
Through Z-Connect we can share and discuss about topics that can help your trading business. One very popular article has been on taxation. If you have any queries that need to be answered which hasn’t already been answered on Z-Connect, then send us an email to [email protected] We will try and put it up for you at the earliest.
As a “Thank You” for being part of our journey, we would be offering trading on MCX-SX (Equity and Derivatives) at Rs 0/trade until March 31, 2013
To have your MCX-SX account activated, please print this document and send it out to us along with a copy of your PAN Card and income proof (if you wish to trade F&O) at the earliest.
Please note that the MCX-SX currency trading will be charged normally at 0.01% of the turnover or Rs 20 per executed order whichever is lower. All taxes and other charges will be as applicable and the details would be updated on our brokerage calculator. Same funds can be used across NSE, BSE & MCX-SX on Zerodha Trader.
Thanks once again!
Happy Trading,
Nithin Kamath
CEO @ Zerodha and partnering startups through Rainmatter to help grow and improve the capital market ecosystem in India. Love playing poker, basketball, and guitar. @Nithin0dha on Twitter. | Personal website: https://nithinkamath.me
What will be the exposures in MCX-SX segments ?
We will update these details soon…
What will be the transaction charges for Equity, F&O and currency ?
We will put it up on our brokerage calculator by wednesday..
What is major difference to trade across exchanges i.e NSE,BSE,MCX-SX
Difference not much, similar products!!
What is the account opening charges for MCX. SX
There is no separate account opening charges if you already have an account with us, just sign and print the activation letter and send it out to us.. http://www.zerodha.com/MCX-SX Activation.pdf
Can i trade MCX-SX on NOW?
No you cannot Bharath as NOW is an NSE software and presently allows only NSE and BSE(for an extra charge) exchanges for trading…
MCX-SX specially Mr. Shah’s leadership is a welcome move. However, following are the concerns :
Liquidity
Innovative products/features that stand apart from those offered by NSE/BSE.
Recognizing option strategies and reducing margin accordingly.
Orders – OCO/bracket order/cover order…
Being in the primitive market environment, MCX-SX has entered at the right time; all they have to do is offer features desperately needed for traders investors. A simple look at US exchanges will give the clue.
What a start ??? Even thet dont have any preparation!!! there web site close, even you dont have access to commodity and currency data !!! Brokers dont have any calculation of transaction charges etc before start. We dont know value of Index SX 40 of one day of trade, they cant calculate with NSE data. How we expect good feature in near future from MCX-SX
What is the exposure in MCX-SX currencies?
Where can I know the margin requirement?
Zerodha doesn’t give any additional leverage for trading currencies, not on NSE or even on MCX.
Margin requirements are similar on all exchanges, so you can refer to the margin requirements on NSE until we receive clear instructions from MCX-SX.
how to activate pi software
Hey Lalit, there is no activation process as such for Pi. Just download the latest version from q.zerodha.com/pi and install.